Share: USD/MXN extends its losses, falling past the 16.80 mark, as the Mexican Peso benefits from easing US inflation. US Bureau of Labor Statistics shows import and export prices trending down, reinforcing previous reports of easing consumer and … [Continue reading]
A more dynamic phase of market movement might be about to unfold – Scotiabank
Share: USD consolidates in light trade but hefty loss on the week takes a toll, economists at Scotiabank report. BBDXY breakdown suggests losses of around 4% While marginally higher on the day overall, the USD is heading for a soft close on … [Continue reading]
Gold Price Forecast: XAU/USD set to move towards this year’s high once $1,970 resistance is broken – ANZ
Share: Technically, the recent break above $1,950 area is strengthening the prospect of the Gold price resuming its uptrend, economists at ANZ Bank report. Break below $1,900 could trigger a fresh sell-off The recent break-out above $1,950 has … [Continue reading]
Natural Gas Price News: XNG/USD ignores downbeat US Dollar at $2.55 amid fears of economic headwinds
Share: Natural Gas Price remains sidelined after refreshing three-week low the previous day. IEA conveyed economic woes to cut down Oil demand forecasts, XNG/USD trails the move. Chatters about China fading economic recovery jostle with downbeat … [Continue reading]
Europe wins spot Bitcoin ETF race, set to launch this month while US struggles with SEC’s qualms
Share: Jacobi Asset Management which first received the approval in October 2021, has been awaiting better market conditions to launch the ETF. The launch of the Bitcoin ETF would expose over 31 million crypto users in Europe, enabled by the … [Continue reading]
Gold Price Forecast: XAU/USD turns unattractive as risk appetite persists
Share: XAU/USD Current price: $1,957.96 The United States Producer Price Index added 0.1% YoY in June, beating expectations. Federal Reserve´s Mary Daly favored additional rate hikes despite cooling inflation. XAU/USD holds on to weekly gains, but … [Continue reading]
Litecoin holders await bullish trend reversal 20 days before the halving
Share: Litecoin halving is 20 days away, and on-chain indicators of the altcoin have flipped bearish. There is a spike in social activity volume in Litecoin ahead of the halving event. LTC price has sustained above $100, yielding more than 3% gains … [Continue reading]
USD/CHF plummets to fresh low since 2015 as USD downfall remains uninterrupted
Share: USD/CHF continues losing round for the sixth straight day and dives to a fresh multi-year low. The USD selling remains unabated and turns out to be a key factor behind the ongoing decline. The oversold RSI on the daily chart might prompt … [Continue reading]
AUD/JPY moves away from monthly low set on Wednesday, climbs closer to mid-94.00s
Share: AUD/JPY scales higher for the second straight day and recovers further from the monthly low. The risk-on environment undermines the safe-haven JPY and benefits the risk-sensitive Aussie. Speculation for a hawkish shift by the BoJ to limit … [Continue reading]
Coinbase SSA efficacy questioned by Gensler after former SEC chair Jay Clayton’s counsel
Share: SEC Chair Gary Gensler has expressed concerns about cryptocurrency exchanges operating "conflicting services." Citing "limited risk monitoring," Gensler went negative on crypto exchanges during a Webinar on July 12. Multiple institutions … [Continue reading]